The latest proposals issued

The latest proposals issued by the Financial Services Authority (FSA) in its Quarterly Consultation Paper CP05/14 have the potential to cause a major split in the market.

For those who have not seen it the Consultation Paper is proposing a number of amendments to the Insurance: Conduct of Business (ICOB) rules, including removing the status disclosure requirements for insurers in relation to retail customers. It is also intending to remove the requirement for insurers to provide a demands and

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